We Can Help

During these tough economic times, physicians are finding that reimbursements are decreasing and expenses are increasing. As a result, physicians and their staff are working harder, to obtain a higher revenue stream, but fail to achieve a corresponding improvement in cash flow or the bottom line. SX has found many factors that can cause this situation including:

• Inefficient revenue cycle trends
• Simplistic Budgeting Techniques
• Fluctuating visit trends
• Poor collection procedures
• Ineffective allocation of expenditures, such as advertising dollars
• Inadequate staffing levels
• Inadequate monitoring of accounts receivable balances
• Management of bank line
• Incomplete understanding of insurance contracts
• Emphasis on collection percentage vs. collected dollars
• Incomplete understanding of historical financial performance

What We Do

SX’s proven skill set can help your practice improve efficiencies in all areas of operation as well as improve cash flow and the bottom line, by helping you maximize your actual revenue billing/collection ratios while streamlining and minimizing your costs. As important, you will know someone qualified will be monitoring your practice’s financial performance and billings so you do not have to focus your time on these matters. This combination will ultimately improve your personal productivity, enhance your bottom line, provide you more free time and allow you to focus on what you were trained for: patient care.

Contact us for a free consultation on how SX can design a plan to assist you in enhancing your understanding of your practice’s true financial performance and improving you’re your profitability and efficiency.

Our President

Kerry Essex, CPA

Prior to founding SX Medical Finance & Budgeting Solutions, Ms. Essex worked in both publicly traded and privately held companies in financial and accounting positions for over 15 years. Ms. Essex served as both the Chief Financial Officer and as the Vice President of Consulting and Finance for a premier medical practice management firm for 7 years.

During her tenure with this company, in addition to being responsible for all financial related matters for the company, she was charged with the reporting and financial controls for all company clients. Ms. Essex was responsible for monitoring and managing the financial performance for over 100 physicians nationwide. This included among other items; billing and collections, accounts receivable trending, days in accounts receivable, insurance analysis and revenue statistics. In addition, Ms. Essex held positions in both medical practice and hospital settings where she focused on the financial statements, budgeting, forecasting, insurance contract review and analysis, and miscellaneous patient data.

During her career, Ms. Essex was employed by a publicly traded company that managed over 60 correctional facilities nationwide. She was responsible for establishing the financial controls and reporting systems of all these facilities and was directly responsible for working with and establishing the financial and accounting reporting mechanisms required by its governmental clients. These reports included among other items: billing and collections, overhead allocations, budgets and budget variance reporting. Ms. Essex also held a key position during the acquisition of a publicly traded company. After the acquisition was finalized, she headed up the Integration Team tasked to combine all of the back office functions of the two companies, which, included, Accounting, Human Resources, and Payroll, Purchasing and Information Technology departments.

Ms. Essex holds a Bachelors degree in Business Administration from the University of South Florida with a double major in both Accounting and Management Information Systems.